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‘Let’s Buy Spirit’ TikTok Campaign Unexpectedly Goes Viral

The campaign had drawn $132 million in nonbinding pledges by Tuesday as Spirit was dismantled in bankruptcy court.

  • Voice actor Hunter Peterson launched a viral TikTok campaign seeking to crowd-fund the revival of Spirit Airlines, with his website letsbuyspirit.com attracting over 156,000 non-binding pledges toward a $1.75 billion target.
  • Spirit Airlines ceased operations on Saturday after 34 years due to financial losses and rising fuel costs. The carrier is being liquidated in bankruptcy court while lenders repossess its aircraft.
  • Industry analysts warn that Spirit needs at least $1 billion to settle debts and resume operations, yet the $132 million in non-binding pledges represents only a fraction of capital required. The average pledge stands at $772.
  • Any revival faces massive Department of Transportation regulatory hurdles, including a rigorous "fitness" test and a requirement that at least 75 percent of voting interest be held by Americans. A crowdfunded airline model has no historical precedent.
  • Economists note the "Spirit Effect"—where ultra-low-cost carriers lower fares across the board—is at risk without the airline. Peterson described the viral campaign as "a joke that is rapidly going out of control," yet it underscores consumer frustration over rising travel costs.
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The smallest amount that can be pledged is $45. That's roughly the average price of a one-way Spirit Airlines ticket, Peterson emphasizes on the fundraising website. He wants ownership and potential profits to belong to ordinary people, not corporations. "Passengers, employees, and the communities Spirit Airlines served can reclaim them," he added. Spirit Airlines, previously the largest low-cost carrier in the US, ceased operations on Saturday,…

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der Standard DE broke the news on Tuesday, May 5, 2026.
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